The World Bank Implementation Status & Results Report Tajikistan Power Utility Financial Recovery (P168211) Tajikistan Power Utility Financial Recovery (P168211) EUROPE AND CENTRAL ASIA | Tajikistan | Energy & Extractives Global Practice | Requesting Unit: ECCCA | Responsible Unit: IECE1 IBRD/IDA | Program-for-Results Financing | FY 2020 | Team Leader(s): Christopher Philip Trimble Seq No: 4 | ARCHIVED on 23-Aug-2022 | ISR52655 | Created by: Farida Mamadaslamova on 11-Aug-2022 | Modified by: Christopher Philip Trimble on 19-Aug-2022 Program Development Objectives PDO Table Program Development Objective (from Program Appraisal Document) The program development objectives are to improve the financial viability, increase the reliability of electricity supply, and strengthen the governance of BT. Board Approved Revised Program Development Objective (If program is formally restructured) The Program development objectives are to improve the financial viability, increase the reliability of electricity supply, and strengthen the governance of Barqi Tojik, Shabakahoi Intiqoli Barq, and Shabakahoi Taqsimoti Barq. Overall Ratings Name Previous Rating Current Rating Progress towards achievement of PDO Moderately Satisfactory Moderately Satisfactory Overall Implementation Progress (IP) Moderately Satisfactory Moderately Satisfactory Implementation Status and Key Decisions The Program has made some good progress with implementation of some policy actions and other operational and technical measures to improve the financial viability, increase the reliability of electricity supply, and strengthen corporate governance resulting in : (i) successful completion of unbundling process of BT into separate generation (BT), transmission (SIB) and distribution (STB) companies and establishment of Supervisory Boards and Audit Committees at SIB and STB; (ii) adequate purchases of electricity from and payments to Sangtuda-1 HPP; and (iii) reduction of power outages supported by timely repair and maintenance of the T&D assets. Considering the complex process of BT’s unbundling, the macroeconomic impacts of COVID-19, the government program was restructured. Subsequently, the World Bank Program was restructured through an Additional Financing of US$80 million (IDA grant), approved by the World Bank's Board of Executive Directors on June 30, 2022. The main aspects of the restructuring include (i) extension of the closing date of the project from August 30, 2026, to August 31, 2032 and (ii) changes in the results framework, target dates of indicators and the disbursement linked results (DLR) to allow sufficient time for their completion. Data on Financial Performance Disbursements (by loan) Project Loan/Credit/TF Status Currency Original Revised Cancelled Disbursed Undisbursed % Disbursed P168211 IDA-D5580 Effective USD 134.00 134.00 0.00 62.69 72.47 46% Not P168211 IDA-E1010 USD 80.00 80.00 0.00 0.00 78.74 0% Effective 8/23/2022 Page 1 of 31 The World Bank Implementation Status & Results Report Tajikistan Power Utility Financial Recovery (P168211) Key Dates (by loan) Project Loan/Credit/TF Status Approval Date Signing Date Effectiveness Date Orig. Closing Date Rev. Closing Date P168211 IDA-D5580 Effective 25-Feb-2020 05-May-2020 01-Jul-2020 30-Aug-2026 30-Aug-2026 Not P168211 IDA-E1010 30-Jun-2022 -- -- 31-Aug-2032 31-Aug-2032 Effective DLI Disbursement Achievement Disbursed amount in Disbursement % for DLI ID DLI Type Description Coc DLI Amount Status Coc DLI Loan: IDAD5580-001 DLR 1.1 Cost-recovery 1.1 Regular XDR 5,480,000.00 Not Achieved 0.00 end-user tarriffs DLR 1.2 Cost-recovery 1.2 Regular XDR 2,176,000.00 Not Achieved 0.00 end-user tarriffs DLR 1.3 Cost-recovery 1.3 Regular XDR 1,450,000.00 Not Achieved 0.00 end-user tarriffs DLR 1.4 Cost-recovery 1.4 Regular XDR 725,000.00 Not Achieved 0.00 end-user tarriffs DLR 1.5 Cost-recovery 1.5 Regular XDR 725,000.00 Not Achieved 0.00 end-user tarriffs DLR 1.6 Cost-recovery 1.6 Regular XDR 725,000.00 Not Achieved 0.00 end-user tarriffs DLR 2.1 Revision of SA 2.1 Regular XDR 5,803,000.00 Fully Achieved 5,803,000.00 100 % between MOF & BT DLR 2.2 Revision of SA 2.2 Regular XDR 1,450,000.00 Fully Achieved 1,450,000.00 100 % between MOF & BT DLR 2.3 Revision of SA 2.3 Regular XDR 1,742,000.00 Fully Achieved 1,742,000.00 100 % between MOF & BT DLR 2.4 Revision of SA 2.4 Regular XDR 3,337,000.00 Fully Achieved 3,337,000.00 100 % between MOF & BT DLR 2.5 Revision of SA 2.5 Regular XDR 1,450,000.00 Fully Achieved 1,450,000.00 100 % between MOF & BT DLR 2.6 Revision of SA 2.6 Regular XDR 4,062,000.00 Not Achieved 0.00 between MOF & BT DLR 2.7 Revision of SA 2.7 Regular XDR 1,016,000.00 Not Achieved 0.00 between MOF & BT DLR 2.8 Revision of SA 2.8 Regular XDR 4,062,000.00 Not Achieved 0.00 between MOF & BT DLR 2.9 Revision of SA 2.9 Regular XDR 1,016,000.00 Not Achieved 0.00 between MOF & BT DLR 3.1 Reduction of BT's 3.1 Regular XDR 1,422,000.00 Not Achieved 0.00 Cash Deficit DLR 3.2 Reduction of BT's 3.2 Regular XDR 3,047,000.00 Not Achieved 0.00 Cash Deficit 8/23/2022 Page 2 of 31 The World Bank Implementation Status & Results Report Tajikistan Power Utility Financial Recovery (P168211) DLR 3.3 Reduction of BT's 3.3 Regular XDR 2,640,000.00 Not Achieved 0.00 Cash Deficit DLR 3.4 Reduction of BT's 3.4 Regular XDR 3,047,000.00 Not Achieved 0.00 Cash Deficit DLR 3.5 Reduction of BT's 3.5 Regular XDR 6,093,000.00 Not Achieved 0.00 Cash Deficit DLR 3.6 Reduction of BT's 3.6 Regular XDR 4,062,000.00 Not Achieved 0.00 Cash Deficit DLR5.1 Electricity rcd 5.1 Regular XDR 2,176,000.00 Fully Achieved 2,176,000.00 100 % byBT fr Sangtuda1 DLR5.2 Electricity rcd 5.2 Regular XDR 2,176,000.00 Fully Achieved 2,176,000.00 100 % byBT fr Sangtuda1 DLR5.3 Electricity rcd 5.3 Regular XDR 2,176,000.00 Fully Achieved 2,176,000.00 100 % byBT fr Sangtuda1 DLR5.4 Electricity rcd 5.4 Regular XDR 2,176,000.00 Not Achieved 0.00 byBT fr Sangtuda1 DLR5.5 Electricity rcd 5.5 Regular XDR 1,450,000.00 Not Achieved 0.00 byBT fr Sangtuda1 DLR5.6 Electricity rcd 5.6 Regular XDR 725,000.00 Not Achieved 0.00 byBT fr Sangtuda1 DLR5.7 Electricity rcd 5.7 Regular XDR 725,000.00 Not Achieved 0.00 byBT fr Sangtuda1 DLR5.8 Electricity rcd 5.8 Regular XDR 725,000.00 Not Achieved 0.00 byBT fr Sangtuda1 DLR7.1 MEWR completes 7.1 Regular XDR 2,830,000.00 Not Achieved 0.00 update of GEP DLR7.2 MEWR 7.2 Regular XDR 3,627,000.00 Not Achieved 0.00 approvesupdated GEP DLR7.3 New gen inv 7.3 Regular XDR 2,902,000.00 Not Achieved 0.00 decisions made DLR7.4 New 7.4 Regular XDR 725,000.00 Not Achieved 0.00 gen,transmn,distrib by BT DLR7.5 New 7.5 Regular XDR 363,000.00 Not Achieved 0.00 gen,transmn,distrib by BT DLR7.6 New 7.6 Regular XDR 363,000.00 Not Achieved 0.00 gen,transmn,distrib by BT DLR8.1 Implem good 8.1 Regular XDR 2,902,000.00 Not Achieved 0.00 practice corp gov BT DLR8.2 Implem good 8.2 Regular XDR 3,627,000.00 Not Achieved 0.00 practice corp gov BT DLR8.3 Implem good 8.3 Regular XDR 2,902,000.00 Not Achieved 0.00 practice corp gov BT DLR8.4 Implem good 8.4 Regular XDR 1,450,000.00 Not Achieved 0.00 practice corp gov BT DLR8.5 Implem good 8.5 Regular XDR 725,000.00 Not Achieved 0.00 practice corp gov BT 8/23/2022 Page 3 of 31 The World Bank Implementation Status & Results Report Tajikistan Power Utility Financial Recovery (P168211) DLR8.6 Implem good 8.6 Regular XDR 363,000.00 Not Achieved 0.00 practice corp gov BT DLR8.7 Implem good 8.7 Regular XDR 363,000.00 Not Achieved 0.00 practice corp gov BT DLR9.1 Improvt BT 9.1 Regular XDR 798,000.00 Fully Achieved 798,000.00 100 % operational&financial DLR9.2 BT 9.2 Regular operational&financial XDR 725,000.00 Fully Achieved 725,000.00 100 % transpar DLR9.3 Improvt BT 9.3 Regular XDR 725,000.00 Not Achieved 0.00 operational&financial DLR9.4 Improvt BT 9.4 Regular XDR 725,000.00 Not Achieved 0.00 operational&financial DLR9.5 Improvt BT 9.5 Regular XDR 363,000.00 Not Achieved 0.00 operational&financial DLR9.6 Improvt BT 9.6 Regular XDR 363,000.00 Not Achieved 0.00 operational&financial DLR 1.7 Cost-recovery 1.7 Regular XDR 2,500,000.00 Not Achieved 0.00 tarriffs and Unit Program Action Plan Action Description Establishment of adequately staffed Tariff Unit under AMS Source DLI# Responsibility Timing Timing Value Status Other DLI 1 The Government Due Date 30-Sep-2022 In Progress IVA report with confirmation that: (a) new legislation and other legal amendments adopted for establishment of the Completion Measurement Tariff Unit are in compliance with requirements of Tajikistan’s laws and regulations; and (b) Tariff Unit is adequately staffed Comments BT to hire and retain two internal auditors; SIB to hire and retain one internal auditor, and STB to hire and retain two Action Description internal auditors Source DLI# Responsibility Timing Timing Value Status Within 6 months after Fiduciary Systems BT Other the Program In Progress effectiveness Completion Measurement BT hires the additional staff and submit to the Bank the signed contracts Comments Action Description The internal audit staff to pass the national Internal Auditor Certification Source DLI# Responsibility Timing Timing Value Status 8/23/2022 Page 4 of 31 The World Bank Implementation Status & Results Report Tajikistan Power Utility Financial Recovery (P168211) Fiduciary Systems BT Due Date 30-Dec-2022 Revised Date Completion Measurement The internal audit staff receives the required certification and the evidence is submitted to the Bank Comments Revision of specified subsidiary agreements between MOF and BT to mirror the original terms reflected in Action Description international agreements between MOF and financiers. Source DLI# Responsibility Timing Timing Value Status Fiduciary Systems DLI 2 MOF and BT Due Date 30-Sep-2022 In Progress The MOF and BT to revise subsidiary agreements as recommended and share the copies of the revised agreements Completion Measurement with the Bank Comments Action Description Corporate governance of BT generation, transmission, and distribution companies is strengthened Source DLI# Responsibility Timing Timing Value Status Fiduciary Systems DLI 8 The Government Due Date 31-Oct-2022 Revised Date (a) Procedures for selection of SB members, appointment procedures, and respective qualification requirements are Completion Measurement developed and approved; (b) Selection of SB members is completed; and (c) SBs form Specialized Committees (SC) Comments Prepare a capacity building and training plan, acceptable to the Bank, for improving the BT staff capacity in longer Action Description term institutional capital budget planning, international Source DLI# Responsibility Timing Timing Value Status Fiduciary Systems BT Due Date 16-Dec-2021 Completed A fiduciary staff capacity building and training plan, with specifying concrete activities, resources and deadlines, is Completion Measurement developed, agreed with the Bank and approved by BT Comments The Public Procurement Agency would continue working on improvement of standard bidding documents taking into Action Description account the recommendations from the Bank Source DLI# Responsibility Timing Timing Value Status Continuous during the State Procurement Fiduciary Systems Other Program In Progress Agency and BT implementation 8/23/2022 Page 5 of 31 The World Bank Implementation Status & Results Report Tajikistan Power Utility Financial Recovery (P168211) Standard Biding documents with adequate General Condition of Contract are available and ready for use under the Completion Measurement Program Comments Create a dedicated section on public websites of BT, SIB, and STB to post the information on procurement Action Description complaints handling Source DLI# Responsibility Timing Timing Value Status Created by 31-Dec- 2022 and maintained Fiduciary Systems BT Other continuously during In Progress Program implementation Procurement complaints section of BT website publishing info: (i) any procurement related complaints received; (ii) Completion Measurement date, time and place of the complaint review; (iii) status of handling of the complaint; and (iv) decision of complaint review. Comments Outsourcing critical specialized services, such as capacity development support, IVA and audit to the market on a Action Description competitive basis Source DLI# Responsibility Timing Timing Value Status Continuous during Fiduciary Systems BT Other Program In Progress implementation Necessary advisory services procured in a timely manner to support Program implementation and achievement of its Completion Measurement results Comments Develop corporate environmental policy and key guidelines, regulations and norms for BT, SIB, and STB to facilitate Action Description adequate environmental performance in implementing rehabilitation, replacement, and upgrade of key assets Source DLI# Responsibility Timing Timing Value Status BT with the Environmental and Social assistance of PMU Due Date 29-Apr-2022 Completed Systems ES BT, transmission, and distribution companies adopt corporate environmental policy and key environmental Completion Measurement management guidelines and regulations for implementation of T&D rehabilitation and upgrade Comments 8/23/2022 Page 6 of 31 The World Bank Implementation Status & Results Report Tajikistan Power Utility Financial Recovery (P168211) Hire additional environmental specialists/consultants at BT, SIB, and STB to ensure that the newly formed generation, Action Description transmission and distribution companies also have adequate in-house environmental capacity Source DLI# Responsibility Timing Timing Value Status Environmental and Social BT Due Date 30-Oct-2022 Completed Systems Adequately qualified environmental staff at BT, transmission, and distribution companies ensuring adequate Completion Measurement environmental performance of activities under the Program Comments Develop relevant educational modules and organize regular trainings on environmental management for BT Action Description generation and transmission companies, and for their contractors Source DLI# Responsibility Timing Timing Value Status Environmental and Social BT with assistance 30-Mar-2022 and once Other Completed Systems of ESPMU per year afterwards. Fully integrated environmental team of skilled personnel providing due environmental performance in three newly Completion Measurement formed companies Comments Annual evaluation, monitoring and reporting by BT, SIB, and STB on environmental and social issues, especially Action Description regarding the compliance of the Program activities with the environmental legislation and regulations Source DLI# Responsibility Timing Timing Value Status Environmental and Social 31-Dec-2022 and once BT Other Revised Date Systems per year afterwards Annual evaluation, monitoring and reporting of progress on environmental and social issues, especially regarding the Completion Measurement compliance of the Program activities with the extant environmental legislation and regulations Comments MOHSP or the designated agency will carry out analysis of poverty impacts of planned annual tariff increases and Action Description estimate the fiscal cost of protection through TSA and adjustments required to lifeline tariffs Source DLI# Responsibility Timing Timing Value Status By 30-Nov-2022 for Ministry of Health tariff increase effective Environmental and Social and Social Other from 2022 and not later In Progress Systems Protection than July of each year starting from 2022 The results of poverty impact analysis and estimates of the fiscal cost of ensuring that there is no net increase in the Completion Measurement poverty rate due to electricity tariff increases are annually reviewed and adopted by the Government when finalizing the budget 8/23/2022 Page 7 of 31 The World Bank Implementation Status & Results Report Tajikistan Power Utility Financial Recovery (P168211) Comments TSA rolled out nationally and the refined design of TSA incorporates a mechanism to mitigate the impact of Action Description increasing electricity prices, including corresponding budget allocation Source DLI# Responsibility Timing Timing Value Status Environmental and Social MOHSP and MOF Due Date 16-Jun-2021 Completed Systems Refined design of TSA incorporates a mechanism to mitigate the impact of increasing electricity prices, including Completion Measurement corresponding budget allocation Comments Development of a lifeline tariff mechanism to mitigate the impact of increasing electricity prices on the poor and Action Description vulnerable Source DLI# Responsibility Timing Timing Value Status Environmental and Social BT, MEWR, and Due Date 30-Nov-2022 In Progress Systems AMS Completion Measurement Lifeline tariff mechanism was developed Comments Action Description Implementation of a lifeline tariff mechanism for residential consumers Source DLI# Responsibility Timing Timing Value Status Environmental and Social BT, MEWR, and Juy 31, 2023 and Other Not Yet Due Systems AMC onwards Completion Measurement Lifeline tariff mechanism is implemented considering technical constraints Comments Risks Systematic Operations Risk-rating Tool Risk Category Rating at Approval Previous Rating Current Rating Political and Governance High Substantial Substantial Macroeconomic Substantial High High Sector Strategies and Policies Substantial Substantial Substantial 8/23/2022 Page 8 of 31 The World Bank Implementation Status & Results Report Tajikistan Power Utility Financial Recovery (P168211) Technical Design of Project or Program Substantial Moderate Moderate Institutional Capacity for Implementation and Substantial Moderate Moderate Sustainability Fiduciary High Substantial Substantial Environment and Social Substantial Substantial Substantial Stakeholders Substantial Substantial Substantial Other Substantial Substantial Substantial Overall Substantial Substantial Substantial RiskComments Comments Considering the spillover effects of the ongoing war in Ukraine and the current situation in Afghanistan the "other risk" rating remains substantial. Results PDO Indicators by Objectives / Outcomes Results Area 1: Achievement of Financial Viability of BT IN01177947 ►Reduction of BT’s cash deficit (Text, Custom) Baseline Actual (Previous) Actual (Current) End Target To be confirmed by the To be confirmed by the Value TjS $19.5 billion audit report due by July audit report due by 0.00 2022 November 2022 Date 31-Dec-2019 31-Dec-2021 19-Aug-2022 31-Aug-2032 This indicator will measure the progress with ability of BT generation, transmission, and distribution Comments companies to generate sufficient cash revenues to cover the direct production costs; selling costs; general and administrative costs; and costs associated with current liabilities Results Area 2: Ensuring Electricity Supply Reliability IN01177948 ►Reduction of equipment failures in electricity transmission and distribution networks of BT (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 2,417.00 2,180.00 2,090.00 1,400.00 Date 31-Dec-2018 31-Dec-2021 19-Aug-2022 31-Aug-2032 This indicator will measure the progress with improvement of electricity supply reliability due to timely Comments implementation of timely repair and and upgrade program. This indicator will include outages caused by emergencies; equipment failures of the first type; and equipment failures of the second type IN01177950 ►Adequate electricity supply received by BT from Sangtuda-1 power plant (Text, Custom) Baseline Actual (Previous) Actual (Current) End Target 900 GWh/year for Jan- At least 1,800 Value At least 1,800 GWh/year 2,200.00 July 2022 GWh/year 8/23/2022 Page 9 of 31 The World Bank Implementation Status & Results Report Tajikistan Power Utility Financial Recovery (P168211) Date 31-Dec-2018 31-Dec-2021 19-Aug-2022 31-Aug-2032 This indicator will measure the progress with reliability of electricity supply given that supply from Sangtuda- Comments 1 HPP is essential for ensuring enough electricity supply to consumers Results Area 3: Strengthening of Governance and Improvement of Transparency of BT IN01177949 ►New generation and T&D capital investment decisions are made by the Recipient considering sound economic, technical, and financial principles (Text, Custom) Baseline Actual (Previous) Actual (Current) End Target Preparation of generation Generation expansion Value No expansion plan is plan to be approved by Yes underway Oct 30, 2022 Date 31-Dec-2018 31-Dec-2021 19-Aug-2022 31-Aug-2032 This indicator will measure the progress with implementation of good corporate management practices Comments related to planning of new capital expenditures Intermediate Results Indicators by Results Areas Results Area 1: Achievement of Financial Viability of BT IN01177951 ►Extent to which end-user tariffs cover the revenue requirement of BT (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 20.00 20.00 46.00 100.00 Date 31-Dec-2018 31-Dec-2021 22-Aug-2022 31-Aug-2032 This indicator will measure the progress with convergence of end-user tariffs with the cost-recovery level. It Comments will be computed as the ratio of revenue requirement at generation, transmission, and distribution and the actual weighed average end-user tariff IN01177954 ►Days of payables outstanding to Sangtuda-1 power plant (Days, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 397.00 330.00 290.00 45.00 Date 31-Dec-2018 31-Dec-2021 22-Aug-2022 30-Dec-2026 This indicator will measure the progress with reduction of payables to Sangtuda-1 IPP. It will be computed Comments by dividing the average payables to Sangtuda-1 during the year by cost of goods sold / 365 IN01177956 ►Debt service coverage ratio (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.04 0.06 0.06 1.10 Date 31-Dec-2018 31-Dec-2021 22-Aug-2022 31-Aug-2032 To be determined by the audited financial statement for the CY 2021 which is due by November 30, 2022. Comments This indicator measures the progress with improvement of BT’s ability to service the debt 8/23/2022 Page 10 of 31 The World Bank Implementation Status & Results Report Tajikistan Power Utility Financial Recovery (P168211) Results Area 2: Ensuring Electricity Supply Reliability IN01177952 ►Actual expenditures on repair and upgrade of electricity T&D assets compared to the plan for 2020-2025. (Text, Custom) Baseline Actual (Previous) Actual (Current) End Target Value No Yes Yes Yes Date 31-Dec-2018 31-Dec-2021 22-Aug-2022 31-Aug-2032 This indicator will measure the progress with implementation of 6-year plan for repair and upgrade of Comments electricity T&D assets Results Area 3: Strengthening of BT Governance and Improvement of Transparency IN01177953 ►Update and adoption of GEP and preparation and update of T&D network development plans (Text, Custom) Baseline Actual (Previous) Actual (Current) End Target Value No in progress in progress Yes Date 31-Dec-2018 31-Dec-2021 22-Aug-2022 31-Aug-2032 This indicator will measure the progress with preparation of the investment plans for power generation and Comments T&D and their adoption IN01177955 ►BT generation, transmission, and distribution companies have functional Supervisory Boards and the specialized committees (Text, Custom) Baseline Actual (Previous) Actual (Current) End Target Value No Underway In Progress Yes Date 31-Dec-2018 31-Dec-2021 22-Aug-2022 31-Aug-2032 This indicator will measure the progress with implementation of good corporate governance principles at Comments generation, transmission, and distribution levels IN01177957 ►BT discloses key quarterly operational and financial data (Text, Custom) Baseline Actual (Previous) Actual (Current) End Target Value No Yes Yes Yes Date 31-Dec-2018 31-Dec-2021 22-Aug-2022 31-Aug-2032 This indicator will measure the progress with disclosure of key quarterly operational and financial data at Comments generation, transmission, and distribution level IN01177958 ►Percentage of citizens who believe that the Program has established effective engagement processes (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 10.00 30.00 60.00 Date 31-Dec-2018 31-Dec-2021 22-Aug-2022 31-Aug-2032 Comments This indicator will monitor progress with citizen engagement activities 8/23/2022 Page 11 of 31 The World Bank Implementation Status & Results Report Tajikistan Power Utility Financial Recovery (P168211) Disbursement Linked Indicators DLI_IND_TABLE ►DLI 1 DLI 1: Achievement of cost-recovery end-user tariffs (Outcome, 26,000,000.00, 0%) Baseline Actual (Previous) Actual (Current) 2031 Tariff below cost Value Tariffs below cost recovery Tariff below cost recovery -- recovery Date -- 31-Dec-2031 19-Aug-2022 -- Due to COVID-19 impact on socio economic conditions of the country any tariff increase was not considered by the Government in 2020 and 2021. BT and the newly-created companies (SIB and STB) completed distribution of assets and separation of accounts between the three companies, however, more time is needed for finalization of financial data required for computation of tariffs for each of the companies as well as Comments finalization of the staffing of the Tariff Unit at the AMC. The MoF, in its letter № 5/5-19/1005, dated December 31, 2021 requested restructuring of the Project and the deadline for achievement for these DLRs was extended to September and October 2022. IN01177960 DLI 1.1 DLR 1.1: (a) At least 12% increase of average end-user electricity tariff has been adopted by the Recipient (Intermediate Outcome, 9,762,000.00, 0%) Unit of Measure: Text Indicator Type: Baseline Actual (Previous) Actual (Current) 2031 At least 12% increase of At least 12% increase of average end-user tariff average end-user tariff for Value Tariffs below cost recovery -- for BT has been adopted BT has been adopted by by the Recipient the Recipient Date -- 30-Nov-2022 30-Nov-2022 -- The tariff increase decision has been approved and was expected to become effective in April 2022. However, effectiveness was deferred due to deterioration of macroeconomic situation. It is currently expected to become effective by November 30, 2022, which would also allow time to finalize the ongoing work on the design of a Comments block tariff structure that may be used to subsidize vulnerable consumers IN01177961 DLI 1.2 DLR 1.2: at least annual adjustment of generation, transmission, distribution, & end-user tariffs as per the new methodology and consistent with the targets approved under the Electricity Tariff Paper (Intermediate Outcome, 5,100,000.00, 6%) Unit of Measure: Text Indicator Type: Baseline Actual (Previous) Actual (Current) 2031 Value Tariffs below cost recovery Below cost-recovery tariff Below cost-recovery tariff -- Date -- 31-Dec-2023 31-Dec-2023 -- The Ministry of Finance, in its letter № 5/5-19/1005, dated December 31, 2021 requested restructuring of the Project to extend the deadline for achievement for these to March and June 2022 Comments IN01177962 DLI 1.3 DLR 1.3: at least annual adjustment of generation, transmission, distribution and end-user tariffs as per new methodology and consistent with the targets approved under the Electricity Tariff Paper (Intermediate Outcome, 2,500,000.00, 3%) 8/23/2022 Page 12 of 31 The World Bank Implementation Status & Results Report Tajikistan Power Utility Financial Recovery (P168211) Unit of Measure: Text Indicator Type: Baseline Actual (Previous) Actual (Current) 2031 Tariffs below cost Tariffs below cost Value Tariffs below cost recovery -- recovery recovery Date -- 31-Dec-2024 31-Dec-2024 -- Comments IN01177963 DLI 1.4 DLR 1.4: at least annual adjustment of generation, transmission, distribution and end-user tariffs as per new methodology and consistent with the targets approved under the Electricity Tariff Paper (Intermediate Outcome, 1,500,000.00, 2%) Unit of Measure: Text Indicator Type: Baseline Actual (Previous) Actual (Current) 2031 This DLR is due by This DLR is due by Value Tariffs below cost recovery -- December 31, 2025 December 31, 2025 Date -- 31-Dec-2025 31-Dec-2025 -- Comments IN01177964 DLI 1.5 DLR 1.5: at least annual adjustment of generation, transmission, distribution and end-user tariffs as per new methodology and consistent with the targets approved under the Electricity Tariff Paper (Intermediate Outcome, 1,500,000.00, 2%) Unit of Measure: Text Indicator Type: Baseline Actual (Previous) Actual (Current) 2031 This DLR is due by Dec This DLR is due by Dec Value Tariffs below cost recovery -- 31, 2026 31, 2026 Date -- 31-Dec-2026 31-Dec-2026 -- Comments IN01177965 DLI 1.6 DLR 1.6: at least annual adjustment of generation, transmission, distribution and end-user tariffs as per new methodology and consistent with the targets approved under the Electricity Tariff Paper (Intermediate Outcome, 1,200,000.00, 2%) Unit of Measure: Text Indicator Type: Baseline Actual (Previous) Actual (Current) 2031 Too early to measure, Too early to measure, due Value Tariffs below cost recovery. -- due by Dec 31, 2027 by Dec 31, 2027 Date -- 31-Dec-2027 31-Dec-2027 -- Comments IN01177966 8/23/2022 Page 13 of 31 The World Bank Implementation Status & Results Report Tajikistan Power Utility Financial Recovery (P168211) DLI 1.7 DLR 1.7 approval of the Electricity Tariff Paper, with estimated full cost-recovery tariff & tariff adjustment plan to reach full cost- recovery by end-2031; and (b) establishment of Tariff Unit at AMS (Intermediate Outcome, 3,638,000.00, 5%) Unit of Measure: Text Indicator Type: Baseline Actual (Previous) Actual (Current) 2031 This DLR is due by This DLR is due by Value Tariffs below cost recovery -- September 30, 2022 September 30, 2022 Date -- 30-Sep-2022 30-Sep-2022 -- DLR 1.7: US$3.438 million under the Parent Project; US$0.2 million under the AF Comments IN01177967 DLI 1.8 DLR 1.8: at least annual adjustment of generation, transmission, distribution, & end-user tariffs as per the new methodology and consistent with the targets approved under the Electricity Tariff Paper (Intermediate Outcome, 200,000.00, 0%) Unit of Measure: Text Indicator Type: Baseline Actual (Previous) Actual (Current) 2031 This DLR is due by This DLR is due by Value Tariffs below cost-recovery. -- December 31, 2028 December 31, 2028 Date -- 31-Dec-2028 31-Dec-2028 -- Comments IN01177968 DLI 1.9 DLR 1.9: at least annual adjustment of generation, transmission, distribution, & end-user tariffs as per the new methodology and consistent with the targets approved under the Electricity Tariff Paper (Intermediate Outcome, 200,000.00, 0%) Unit of Measure: Text Indicator Type: Baseline Actual (Previous) Actual (Current) 2031 This DLR is due by This DLR is due by Value Tariffs below cost-recovery -- December 31, 2029 December 31, 2029 Date -- 31-Dec-2029 31-Dec-2029 -- Comments IN01177969 DLI 1.10 DLR 1.10: at least annual adjustment of generation, transmission, distribution & end-user tariffs as per the new methodology and consistent with the targets approved under the Electricity Tariff Paper (Intermediate Outcome, 200,000.00, 0%) Unit of Measure: Text Indicator Type: Baseline Actual (Previous) Actual (Current) 2031 This DLR is due by This DLR is due by Value Tariffs below cost-recovery -- December 31, 2030 December 31, 2030 Date -- 31-Dec-2030 31-Dec-2030 -- Comments 8/23/2022 Page 14 of 31 The World Bank Implementation Status & Results Report Tajikistan Power Utility Financial Recovery (P168211) IN01177970 DLI 1.11 DLR 1.11: at least annual adjustment of generation, transmission, distribution & end-user tariffs as per the new methodology and consistent with the targets approved under the Electricity Tariff Paper (Intermediate Outcome, 200,000.00, 0%) Unit of Measure: Text Indicator Type: Baseline Actual (Previous) Actual (Current) 2031 This DLR is due This DLR is due Value Tariffs below cost-recovery -- December 31, 2031 December 31, 2031 Date -- 31-Dec-2031 31-Dec-2031 -- Comments ►DLI 2 DLI 2: Revision of the Subsidiary Agreements (SA) between the MOF and BT (Output, 36,000,000.00, 0%) Baseline Actual (Previous) Actual (Current) 2031 BT incurs excessive debt Value service costs under loans in progress in progress -- received from MOF Date -- 30-Sep-2022 30-Sep-2022 -- Revision of the Subsidiary Agreements between MOF and BT Comments IN01177972 DLI 2.1 DLR 2.1: The Recipient converts into equity ownership of BT the outstanding principal amounts and interest payable by BT to MOF for at least ten loans under Group 1 SAs (Output, 8,000,000.00, 0%) Unit of Measure: Text Indicator Type: Baseline Actual (Previous) Actual (Current) 2031 BT incurs excessive debt Revision of all Group 1 Value service costs under loans SAs was completed in Complete -- received from MOF 2020 Date -- 31-Dec-2021 31-Dec-2021 -- Revision of all Group 1 SAs was completed in 2020 Comments IN01177973 DLI 2.2 DLR 2.2: The terms of any new financing received by BT from the MOF are aligned with the terms in the respective legal agreements between the Recipient and the financiers (Output, 2,000,000.00, 3%) Unit of Measure: Text Indicator Type: Baseline Actual (Previous) Actual (Current) 2031 BT incurs excessive debt Value service costs under loans Completed Completed -- received from MOF Date -- 31-Dec-2021 31-Dec-2021 -- 8/23/2022 Page 15 of 31 The World Bank Implementation Status & Results Report Tajikistan Power Utility Financial Recovery (P168211) Comments IN01177974 DLI 2.3 DLR 2.3: The Recipient converts into equity ownership of BT the outstanding principal amounts and interest payable by BT to MOF under additional four loans under Group 1 SAs (Output, 2,400,000.00, 0%) Unit of Measure: Text Indicator Type: Baseline Actual (Previous) Actual (Current) 2031 BT incurs excessive debt Revision of all Group 1 Value service costs under loans Subsidiary Agreements Completed -- received from MOF was completed in 2020 Date -- 31-Dec-2020 31-Dec-2020 -- Comments IN01177975 DLI 2.4 DLR 2.4: BT SB adopts formal decision to prohibit BT from receiving new financing from MOF unless terms of such financing are aligned with terms reflected in legal docs between Recipient and financier (Output, 4,600,000.00, 0%) Unit of Measure: Text Indicator Type: Baseline Actual (Previous) Actual (Current) 2031 BT incurs excessive debt Value service costs under loans Completed in 2020 Completed in 2020 -- received from MOF Date -- 31-Dec-2020 31-Dec-2020 -- Comments IN01177976 DLI 2.5 DLR 2.5: The terms of any new financing received by BT from the MOF are aligned with the terms in the respective legal documents between the Recipient and the financiers (Output, 2,000,000.00, 0%) Unit of Measure: Text Indicator Type: Baseline Actual (Previous) Actual (Current) 2031 BT incurs excessive debt service costs under loans Value received from MOF Completed Completed -- Date -- 31-Dec-2020 31-Dec-2020 -- Comments IN01177977 DLI 2.6 DLR 2.6: (a) MOF and BT revise terms of ten loans under Group 2 SAs; (b) Recipient converts into equity the difference between original and revised interest payable under each of ten loans (Output, 7,100,000.00, 0%) Unit of Measure: Text Indicator Type: Baseline Actual (Previous) Actual (Current) 2031 8/23/2022 Page 16 of 31 The World Bank Implementation Status & Results Report Tajikistan Power Utility Financial Recovery (P168211) BT incurs excessive debt Due by September 30, Due by September 30, Value service costs under loans -- 2022 2022 received from MOF Date -- 30-Sep-2022 30-Sep-2022 -- The revision of 28 Subsidiary Agreement under Group 2 and Group 3 is underway and requires more time for MoF to obtain approvals from relevant financing institutions following the clauses in respective Financing Agreements related to those Subsidiary Agreements, requiring to seek such approval in case of amendment Comments and modification. Therefore, MoF requested (letter № 5/5-19/1005, dated December 31, 2021)and the deadlines for these DLRs was extended to September 30, 2022 as part of the restructuring. IN01177978 DLI 2.7 DLR 2.7: The terms of any new financing received by BT from the MOF are aligned with the terms in the respective legal documents between the Recipient and the financiers (Output, 1,400,000.00, 0%) Unit of Measure: Text Indicator Type: Baseline Actual (Previous) Actual (Current) 2031 new financing received by new financing received BT incurs excessive debt BT in 2021 will be by BT in 2021 will be Value service costs under loans confirmed by the audit -- confirmed by the audit received from MOF report for 2021 due by report for 2021 Nov 2022 Date -- 30-Jun-2021 19-Aug-2022 -- The revision of 28 Subsidiary Agreement under Group 2 and Group 3 is underway and requires more time for MoF to obtain approvals from relevant financing institutions following the clauses in respective Financing Agreements related to those Subsidiary Agreements, requiring to seek such approval in case of amendment Comments and modification. Therefore, MoF requested (letter № 5/5-19/1005, dated December 31, 2021) to extend the deadlines for these DLRs to February 28, 2022. IN01177979 DLI 2.8 DLR 2.8: (a) MOF and BT revise terms of nine additional loans under Group 2 SAs; (b) Recipient converts into equity difference between original and revised interest payable under each of nine loans (Output, 7,100,000.00, 0%) Unit of Measure: Text Indicator Type: Baseline Actual (Previous) Actual (Current) 2031 BT incurs excessive debt Due by September 30, Due by September 30, Value service costs under loans -- 2022 2022 received from MOF Date -- 31-Dec-2021 19-Aug-2022 -- The revision of 28 Subsidiary Agreement under Group 2 and Group 3 is underway and requires more time for MoF to obtain approvals from relevant financing institutions following the clauses in respective Financing Agreements related to those Subsidiary Agreements, requiring to seek such approval in case of amendment Comments and modification. Therefore, MoF requested (letter № 5/5-19/1005, dated December 31, 2021) to extend the deadlines for these DLRs to February 28, 2022. IN01177980 DLI 2.9 DLR 2.9: The terms of any new financing received by BT from the MOF are aligned with the terms in the respective legal documents between the Recipient and the financiers (Output, 1,400,000.00, 0%) Unit of Measure: Text 8/23/2022 Page 17 of 31 The World Bank Implementation Status & Results Report Tajikistan Power Utility Financial Recovery (P168211) Indicator Type: Baseline Actual (Previous) Actual (Current) 2031 BT incurs excessive debt Due by December 31, Due by December 31, Value service costs under loans -- 2021 2021 received from MOF Date -- 31-Dec-2021 19-Aug-2022 -- Comments ►DLI 3 DLI 3: Reduction of BT's cash deficit (Outcome, 43,000,000.00, 0%) Baseline Actual (Previous) Actual (Current) 2031 To be confirmed based on Due by December 31, Value the audit of 2019 financial TjS19.5 billion -- 2031 statements Date -- 31-Dec-2031 19-Aug-2022 -- Comments IN01177982 DLI 3.1 DLR 3.1: the Electricity Sector’s Cash Deficit does not exceed TJS 14 billion (Intermediate Outcome, 4,960,000.00, 0%) Unit of Measure: Text Indicator Type: Baseline Actual (Previous) Actual (Current) 2031 To be confirmed based on Due by December 31, Due by December 31, Value the audit of 2021 financial -- 2022 2022 statements Date -- 31-Dec-2022 19-Aug-2022 -- Comments IN01177983 DLI 3.2 DLR 3.2: the Electricity Sector’s Cash Deficit does not exceed TJS 16 billion (Intermediate Outcome, 7,200,000.00, 0%) Unit of Measure: Text Indicator Type: Baseline Actual (Previous) Actual (Current) 2031 To be confirmed based on Due by December 31, Due by December 31, Value the audit of 2021 financial -- 2023 2023 statements Date -- 31-Dec-2023 31-Dec-2023 -- Comments IN01177984 DLI 3.3 DLR 3.3: the Electricity Sector’s Cash Deficit does not exceed TJS 16 billion (Intermediate Outcome, 5,640,000.00, 0%) 8/23/2022 Page 18 of 31 The World Bank Implementation Status & Results Report Tajikistan Power Utility Financial Recovery (P168211) Unit of Measure: Text Indicator Type: Baseline Actual (Previous) Actual (Current) 2031 To be confirmed based on Due by December 31, Due by December 31, Value the audit of 2022 financial -- 2024 2024 statements Date -- 31-Dec-2024 31-Dec-2024 -- Comments IN01177985 DLI 3.4 DLR 3.4: the Electricity Sector’s Cash Deficit does not exceed TJS 16 billion (Intermediate Outcome, 5,200,000.00, 0%) Unit of Measure: Text Indicator Type: Baseline Actual (Previous) Actual (Current) 2031 To be confirmed based on Due by December 31, Due by December 31, Value the audit of 2023 financial -- 2025 2025 statements Date -- 31-Dec-2025 31-Dec-2025 -- Comments IN01177986 DLI 3.5 DLR 3.5: the Electricity Sector’s Cash Deficit does not exceed TJS 15 billion (Intermediate Outcome, 9,400,000.00, 0%) Unit of Measure: Text Indicator Type: Baseline Actual (Previous) Actual (Current) 2031 To be confirmed based on Due by December 31, Due by December 31, Value the audit of 2024 financial -- 2026 2026 statements Date -- 31-Dec-2026 31-Dec-2026 -- Comments IN01177987 DLI 3.6 DLR 3.6: the Electricity Sector’s Cash Deficit does not exceed TJS 13 billion (Intermediate Outcome, 6,600,000.00, 0%) Unit of Measure: Text Indicator Type: Baseline Actual (Previous) Actual (Current) 2031 To be confirmed based on Due by December 31, Due by December 31, Value the audit of 2025 financial -- 2027 2027 statements Date -- 31-Dec-2027 31-Dec-2027 -- Comments 8/23/2022 Page 19 of 31 The World Bank Implementation Status & Results Report Tajikistan Power Utility Financial Recovery (P168211) IN01177988 DLI 3.7 DLR 3.7: the Electricity Sector’s Cash Deficit does not exceed TJS 11 billion (Intermediate Outcome, 1,000,000.00, 0%) Unit of Measure: Text Indicator Type: Baseline Actual (Previous) Actual (Current) 2031 To be confirmed based on To be confirmed based To be confirmed based on Value the audit of the financial on the audit of the the audit of the financial -- statements. financial statements. statements. Date -- 31-Dec-2028 31-Dec-2028 -- Comments IN01177989 DLI 3.8 DLR 3.8: the Electricity Sector’s Cash Deficit does not exceed TJS 7 billion (Intermediate Outcome, 1,000,000.00, 0%) Unit of Measure: Text Indicator Type: Baseline Actual (Previous) Actual (Current) 2031 To be confirmed based on Due by December 31, Due by December 31, Value the audit of the financial -- 2029 2029 statements. Date -- 31-Dec-2029 31-Dec-2029 -- Comments IN01177990 DLI 3.9 DLR 3.9: the Electricity Sector’s Cash Deficit does not exceed TJS 2 billion (Intermediate Outcome, 1,000,000.00, 0%) Unit of Measure: Text Indicator Type: Baseline Actual (Previous) Actual (Current) 2031 To be confirmed based on Due by December 31, Due by December 31, Value the audited financial -- 2030 2030 statements. Date -- 31-Dec-2030 31-Dec-2030 -- Comments IN01177991 DLI 3.10 DLR 3.10: the Electricity Sector does not have a Cash Deficit (Intermediate Outcome, 0.00, %) Unit of Measure: Text Indicator Type: Baseline Actual (Previous) Actual (Current) 2031 To be confirmed based on Due by December 31, Due by December 31, Value the audited financial -- 2031 2031 statements. 8/23/2022 Page 20 of 31 The World Bank Implementation Status & Results Report Tajikistan Power Utility Financial Recovery (P168211) Date -- 31-Dec-2031 31-Dec-2031 -- Comments ►DLI 4 DLI 5: Adequate electricity supply is received by BT or the Designated Off-Taker from Sangtuda-1 (Outcome, 20,000,000.00, 0%) Baseline Actual (Previous) Actual (Current) 2031 at least 1,800 GWh is at least 1,800 GWh is Average of 1,895 Value received by BT or the received by BT or the new -- GWh/year in 2013-2017 new Designated Off-taker Designated Off-taker Date -- 31-Dec-2030 19-Aug-2022 -- Comments IN01177993 DLI 4.1 DLR 5.1: At least 1,000 GWh is received by BT (Outcome, 3,000,000.00, 0%) Unit of Measure: Text Indicator Type: Baseline Actual (Previous) Actual (Current) 2031 Average of 1,895 GWh/year in 2013-2017. Value The DLR target is expected Completed Completed -- to be met by the original deadline of June 30, 2020 Date -- 30-Jun-2020 30-Jun-2020 -- Comments IN01177994 DLI 4.2 DLR 5.2: At least 800 GWh is received by BT (Outcome, 3,000,000.00, 0%) Unit of Measure: Text Indicator Type: Baseline Actual (Previous) Actual (Current) 2031 Average of 1,895 Value Completed Completed -- GWh/year in 2020 Date -- 31-Dec-2020 31-Dec-2020 -- Comments IN01177995 DLI 4.3 DLR 5.3: At least 1,000 GWh is received by BT (Outcome, 3,000,000.00, 0%) Unit of Measure: Text Indicator Type: Baseline Actual (Previous) Actual (Current) 2031 8/23/2022 Page 21 of 31 The World Bank Implementation Status & Results Report Tajikistan Power Utility Financial Recovery (P168211) Average of 1,000 BT received 1230 GWh Value Completed -- GWh/year by June 2021 by June 2021 Date -- 30-Jun-2021 19-Aug-2022 -- Comments IN01177996 DLI 4.4 DLR 5.4: At least 800 GWh is received by BT (Outcome, 3,000,000.00, 0%) Unit of Measure: Text Indicator Type: Baseline Actual (Previous) Actual (Current) 2031 Average of 1895 GWh/year BT received 980 GWh by Value Completed -- by Dec 2021 December 31, 2021 Date -- 31-Dec-2021 19-Aug-2022 -- For the period July-December 2021 (by December 31, 2021), OSHC "BT" received electricity from JSC "SGES- 1" in the amount of 985,559,736 kWh. Comments IN01177997 DLI 4.5 DLR 5.5: at least 1,800 GWh is received by BT or the new Designated Off-taker (Outcome, 2,500,000.00, 0%) Unit of Measure: Text Indicator Type: Baseline Actual (Previous) Actual (Current) 2031 Average of 1,895 due by December 31, Value Not yet due -- GWh/year by June 2023 2022 Date -- 31-Dec-2022 19-Aug-2022 -- Comments IN01177998 DLI 4.6 DLR 5.6: at least 1,800 GWh is received by BT or the new Designated Off-taker (Outcome, 1,500,000.00, 0%) Unit of Measure: Text Indicator Type: Baseline Actual (Previous) Actual (Current) 2031 Average of 1,895 Due by December 31, Due by December 31, Value -- GWh/year by Dec 2023 2023 2023 Date -- 31-Dec-2023 19-Aug-2022 -- Comments IN01177999 DLI 4.7 DLR 5.7: at least 1,800 GWh is received by BT or the new Designated Off-taker (Outcome, 1,500,000.00, 0%) Unit of Measure: Text Indicator Type: 8/23/2022 Page 22 of 31 The World Bank Implementation Status & Results Report Tajikistan Power Utility Financial Recovery (P168211) Baseline Actual (Previous) Actual (Current) 2031 Average of 1,895 Due by December 31, Due by December 31, Value -- GWh/year in 2013-2017 2024 2024 Date -- 31-Dec-2024 31-Dec-2024 -- Comments IN01178000 DLI 4.8 DLR 5.8: at least 1,800 GWh is received by BT or the new Designated Off-taker (Outcome, 1,500,000.00, 0%) Unit of Measure: Text Indicator Type: Baseline Actual (Previous) Actual (Current) 2031 Average of 1,895 Due by December 31, Due by December 31, Value -- GWh/year in 2013-2017 2025 2025 Date -- 31-Dec-2025 31-Dec-2025 -- Comments IN01178001 DLI 4.9 DLR 5.9: at least 1,800 GWh is received by BT or the new Designated Off-taker (Outcome, 200,000.00, 0%) Unit of Measure: Text Indicator Type: Baseline Actual (Previous) Actual (Current) 2031 Average of 1,895 Due by December 31, Due by December 31, Value -- GWh/year in 2013-2017 2026 2026 Date -- 31-Dec-2026 31-Dec-2026 -- Comments IN01178002 DLI 4.10 DLR 5.10: at least 1,800 GWh is received by BT or the new Designated Off-taker (Outcome, 200,000.00, 0%) Unit of Measure: Text Indicator Type: Baseline Actual (Previous) Actual (Current) 2031 Average of 1,895 Due by December 31, Due by December 31, Value -- GWh/year in 2013-2017 2027 2027 Date -- 31-Dec-2027 31-Dec-2027 -- Comments IN01178003 DLI 4.11 DLR 5.11: at least 1,800 GWh is received by BT or the new Designated Off-taker (Outcome, 200,000.00, 0%) Unit of Measure: Text 8/23/2022 Page 23 of 31 The World Bank Implementation Status & Results Report Tajikistan Power Utility Financial Recovery (P168211) Indicator Type: Baseline Actual (Previous) Actual (Current) 2031 Average of 1,895 Due by December 31, Due by December 31, Value -- GWh/year in 2013-2017 2028 2028 Date -- 31-Dec-2028 31-Dec-2028 -- Comments IN01178004 DLI 4.12 DLR 5.12: at least 1,800 GWh is received by BT or the new Designated Off-taker (Outcome, 200,000.00, 0%) Unit of Measure: Text Indicator Type: Baseline Actual (Previous) Actual (Current) 2031 Average of 1,895 Due by December 31, Due by December 31, Value -- GWh/year in 2013-2017 2029 2029 Date -- 31-Dec-2029 31-Dec-2029 -- Comments IN01178005 DLI 4.13 DLR 5.13: at least 1,800 GWh is received by BT or the new Designated Off-taker (Outcome, 200,000.00, 0%) Unit of Measure: Text Indicator Type: Baseline Actual (Previous) Actual (Current) 2031 Average of 1,895 Due by December 31, Due by December 31, Value -- GWh/year in 2013-2017 2030 2030 Date -- 31-Dec-2030 31-Dec-2030 -- Comments ►DLI 5 DLI 7: Use of technically, economically, and financially sound principles for the Recipient’s investment decision-making in electricity generation, transmission, and distribution (Output, 18,100,000.00, 0%) Baseline Actual (Previous) Actual (Current) 2031 Due by December 31, Due by December 31, Value No -- 2030 2030 Date -- 31-Dec-2030 31-Dec-2030 -- Significant progress has been made with preparation of the GEP, however, detailed modelling that was required for update of the analysis related to Rogun HPP project required more time and that impacted the Comments preparation progress for generation expansion plan. MoF is requesting (letter № 5/5-19/1005, dated December 31, 2021) to extend the deadline to October 30, 2022. IN01178007 DLI 5.1 DLR 7.1: MEWR completes the update of GEP (Output, 5,000,000.00, 0%) 8/23/2022 Page 24 of 31 The World Bank Implementation Status & Results Report Tajikistan Power Utility Financial Recovery (P168211) Unit of Measure: Text Indicator Type: Baseline Actual (Previous) Actual (Current) 2031 Preparation of generation Preparation of generation expansion plan is Value No expansion plan is -- progressing and due by progressing Oct 2022 Date -- 30-Oct-2022 19-Aug-2022 -- Comments IN01178008 DLI 5.2 DLR 7.2: MEWR approves the updated GEP (Output, 5,600,000.00, 0%) Unit of Measure: Text Indicator Type: Baseline Actual (Previous) Actual (Current) 2031 Extended to February 28, Value No No -- 2023 Date -- 28-Feb-2023 19-Aug-2022 -- Comments IN01178009 DLI 5.3 DLR 7.3: New generation investment decisions are made by the Recipient in accordance with the updated GEP; T&D network development plans, based on GEP, are prepared by BT and approved by MEWR (Intermediate Outcome, 4,300,000.00, 0%) Unit of Measure: Text Indicator Type: Baseline Actual (Previous) Actual (Current) 2031 Due by December 31, Due by December 31, Value No -- 2023 2023 Date -- 31-Dec-2023 31-Dec-2023 -- Comments IN01178010 DLI 5.4 DLR 7.4: New generation as well as T&D projects initiated by BT or the Recipient’s government are consistent with the approved plans (Intermediate Outcome, 1,300,000.00, 0%) Unit of Measure: Text Indicator Type: Baseline Actual (Previous) Actual (Current) 2031 Due by December 31, Due by December 31, Value No -- 2024 2024 Date -- 31-Dec-2024 31-Dec-2024 -- Comments IN01178011 8/23/2022 Page 25 of 31 The World Bank Implementation Status & Results Report Tajikistan Power Utility Financial Recovery (P168211) DLI 5.5 DLR 7.5: New generation as well as T&D projects initiated by BT or the Recipient’s government are consistent with the approved plans (Outcome, 700,000.00, 0%) Unit of Measure: Text Indicator Type: Baseline Actual (Previous) Actual (Current) 2031 Due by December 31, Due by December 31, Value No -- 2025 2025 Date -- 31-Dec-2025 31-Dec-2025 -- Comments IN01178012 DLI 5.6 DLR 7.6: New generation as well as T&D projects initiated by BT or the Recipient’s government are consistent with the approved plans (Outcome, 700,000.00, 0%) Unit of Measure: Text Indicator Type: Baseline Actual (Previous) Actual (Current) 2031 Due by December 31, Due by December 31, Value No -- 2026 2026 Date -- 31-Dec-2026 31-Dec-2026 -- Comments IN01178013 DLI 5.7 DLR 7.7: new generation, transmission, and distribution projects initiated by BT, SIB, STB respectively or the Recipient’s government are consistent with the approved plans (Outcome, 200,000.00, 0%) Unit of Measure: Text Indicator Type: Baseline Actual (Previous) Actual (Current) 2031 Due by December 31, Due by December 31, Value No -- 2027 2027 Date -- 31-Dec-2027 31-Dec-2027 -- Comments IN01178014 DLI 5.8 DLR 7.8: new generation, transmission, and distribution projects initiated by BT, SIB, STB respectively or the Recipient’s government are consistent with the approved plans (Outcome, 100,000.00, 0%) Unit of Measure: Text Indicator Type: Baseline Actual (Previous) Actual (Current) 2031 Due by December 31, Due by December 31, Value No -- 2028 2028 Date -- 31-Dec-2028 31-Dec-2028 -- Comments 8/23/2022 Page 26 of 31 The World Bank Implementation Status & Results Report Tajikistan Power Utility Financial Recovery (P168211) IN01178015 DLI 5.9 DLR 7.9: new generation, transmission, and distribution projects initiated by BT, SIB, STB respectively or the Recipient’s government are consistent with the approved plans (Outcome, 0.00, %) Unit of Measure: Text Indicator Type: Baseline Actual (Previous) Actual (Current) 2031 Due by December 31, Due by December 31, Value No -- 2029 2029 Date -- 31-Dec-2029 31-Dec-2029 -- Comments IN01178016 DLI 5.10 DLR 7.10: new generation, transmission, and distribution projects initiated by BT, SIB, STB respectively or the Recipient’s government are consistent with the approved plans (Outcome, 0.00, %) Unit of Measure: Text Indicator Type: Baseline Actual (Previous) Actual (Current) 2031 Due by December 31, Due by December 31, Value No -- 2030 2030 Date -- 31-Dec-2030 31-Dec-2030 -- Comments ►DLI 6 DLI 8: Implementation of good practice corporate governance at BT, SIB, and STB (Outcome, 17,000,000.00, 0%) Baseline Actual (Previous) Actual (Current) 2031 SBs and SC established SBs and SC established No good-practice corporate for SIB and STB. For BT Value for SIB and STB. For BT is -- governance structure is expended to March 31, expended to Oct 31, 2022 2022 Date -- 31-Dec-2021 19-Aug-2022 -- Comments IN01178018 DLI 6.1 DLR 8.1: SBs are functional and formed specialized committees (audit and compensation committees) at generation, T&D companies, comprising of SB members and chaired by independent SB members (Intermediate Outcome, 4,000,000.00, 0%) Unit of Measure: Text Indicator Type: Baseline Actual (Previous) Actual (Current) 2031 SBs and SC established No good-practice corporate for SIB and STB. For BT Value Progressing -- governance structure is expended to March 31, 2022 Date -- 31-Dec-2021 19-Aug-2022 -- 8/23/2022 Page 27 of 31 The World Bank Implementation Status & Results Report Tajikistan Power Utility Financial Recovery (P168211) Comments IN01178019 DLI 6.2 DLR 8.2: SBs and specialized committees are functional (Outcome, 5,000,000.00, 0%) Unit of Measure: Text Indicator Type: Baseline Actual (Previous) Actual (Current) 2031 No good-practice corporate Value extended to March 2022 in progress -- governance structure Date -- 31-Dec-2021 19-Aug-2022 -- Comments IN01178020 DLI 6.3 DLR 8.3: SBs and specialized committees are functional (Outcome, 4,000,000.00, 0%) Unit of Measure: Text Indicator Type: Baseline Actual (Previous) Actual (Current) 2031 No good-practice corporate The deadline was Value in porgress -- governance structure extended to March 2022 Date -- 31-Dec-2021 19-Aug-2022 -- Comments IN01178021 DLI 6.4 DLR 8.4: SBs and specialized committees are functional (Outcome, 2,000,000.00, 0%) Unit of Measure: Text Indicator Type: Baseline Actual (Previous) Actual (Current) 2031 No good-practice corporate Due by December 31, Value not yet due - by Dec 2023 -- governance structure 2022 Date -- 31-Dec-2021 19-Aug-2022 -- Comments IN01178022 DLI 6.5 DLR 8.5: SBs and specialized committees are functional (Outcome, 1,000,000.00, 0%) Unit of Measure: Text Indicator Type: Baseline Actual (Previous) Actual (Current) 2031 No good-practice corporate Due by December 31, Due by December 31, Value -- governance structure 2023 2024 8/23/2022 Page 28 of 31 The World Bank Implementation Status & Results Report Tajikistan Power Utility Financial Recovery (P168211) Date -- 31-Dec-2021 19-Aug-2022 -- Comments IN01178023 DLI 6.6 DLR 8.6: SBs and specialized committees are functional (Outcome, 500,000.00, 0%) Unit of Measure: Text Indicator Type: Baseline Actual (Previous) Actual (Current) 2031 No good-practice corporate Due by December 31, Due by December 31, Value -- governance structure 2024 2025 Date -- 31-Dec-2021 19-Aug-2022 -- Comments IN01178024 DLI 6.7 DLR 8.7: SBs and specialized committees are functional (Outcome, 500,000.00, 0%) Unit of Measure: Text Indicator Type: Baseline Actual (Previous) Actual (Current) 2031 No good-practice corporate Due by December 31, Due by December 31, Value -- governance structure 2025 2026 Date -- 31-Dec-2021 19-Aug-2022 -- Comments ►DLI 7 DLI 9: Improvement of BT's operational and financial transparency (Outcome, 5,100,000.00, 0%) Baseline Actual (Previous) Actual (Current) 2031 BT does not publish the key BT started publishing the BT started publishing the Value operational and financial operational and financial operational and financial -- data data data Date -- 31-Dec-2021 19-Aug-2022 -- Comments IN01178026 DLI 7.1 DLR 9.1: BT publishes on its website the key quarterly operational data and quarterly un-audited financial statements for 2019 (Output, 1,100,000.00, 1%) Unit of Measure: Text Indicator Type: Baseline Actual (Previous) Actual (Current) 2031 BT does not publish the key Value operational and financial Completed Completed -- data 8/23/2022 Page 29 of 31 The World Bank Implementation Status & Results Report Tajikistan Power Utility Financial Recovery (P168211) Date -- 31-Dec-2021 31-Dec-2021 -- Comments IN01178027 DLI 7.2 DLR 9.2: BT publishes on its website the key quarterly operational data and quarterly un-audited financial statements for 2020 (Output, 1,000,000.00, 0%) Unit of Measure: Text Indicator Type: Baseline Actual (Previous) Actual (Current) 2031 BT does not publish the key BT published the Value operational and financial operational and financial Completed -- data data for 2020 Date -- 31-Dec-2021 19-Aug-2022 -- Comments IN01178028 DLI 7.3 DLR 9.3: BT publishes on its website the key quarterly operational data and quarterly un-audited financial statements for 2021 (Output, 1,000,000.00, 0%) Unit of Measure: Text Indicator Type: Baseline Actual (Previous) Actual (Current) 2031 BT does not publish the key Due by December 31, Due by December 31, Value operational and financial -- 2022 2022 data Date -- 31-Dec-2021 19-Aug-2022 -- Comments IN01178029 DLI 7.4 DLR 9.4: BT publishes on its website the key quarterly operational data and quarterly un-audited financial statements for 2022 (Output, 1,000,000.00, 0%) Unit of Measure: Text Indicator Type: Baseline Actual (Previous) Actual (Current) 2031 BT does not publish the key Due by December 31, Due by December 31, Value operational and financial -- 2023 2023 data Date -- 31-Dec-2021 19-Aug-2022 -- Comments IN01178030 DLI 7.5 DLR 9.5: BT publishes on its website the key quarterly operational data and quarterly un-audited financial statements for 2023 (Output, 500,000.00, 1%) Unit of Measure: Text Indicator Type: 8/23/2022 Page 30 of 31 The World Bank Implementation Status & Results Report Tajikistan Power Utility Financial Recovery (P168211) Baseline Actual (Previous) Actual (Current) 2031 BT does not publish the key Due by December 31, Due by December 31, Value operational and financial -- 2024 2024 data Date -- 31-Dec-2021 31-Dec-2021 -- Comments IN01178031 DLI 7.6 DLR 9.6: BT publishes on its website the key quarterly operational data and quarterly un-audited financial statements for 2024 (Output, 500,000.00, 1%) Unit of Measure: Text Indicator Type: Baseline Actual (Previous) Actual (Current) 2031 BT does not publish the key Due by December 31, Due by December 31, Value operational and financial -- 2025 2025 data Date -- 31-Dec-2021 31-Dec-2021 -- Comments 8/23/2022 Page 31 of 31